Qin Hong: The supply of the next and the next price is expected to stabilize

Qin Hong, deputy director of the Center for Policy Research at the Ministry of Housing and Construction, said 20th at the "Second China real estate annual Meeting" that in the background of inflation expectations, the collapse of house prices is not possible, but the next year the housing market supply is expected to increase, the stability of housing prices can be expected to curb　　Frank Gong, vice president of JPMorgan's China Investment Bank, said that the future 10 real estate profiteering space will shrink, investment in the stock market than the property market easier to make money. Qin Hong said that the "Twelve-Five" period will be the period of protection of housing growth, the proportion of affordable housing construction in large cities will be improved. And the central government has increased land supply this year.　　The next after the real estate market supply is expected to increase, new open property can not be higher, the stability of housing prices can be expected. Qin Hong that, because real estate has the property of financial assets, under the conditions of the expansion of money supply and the intensification of inflation expectation, the property pricing force in the real estate market is stronger than that of commodity supply and demand, and real estate prices are hard to lower sharply. (Wan Jing)